COGNICURRENT

Jack Dorsey announced the layoffs of over 4,000 employees at Block, significantly reducing its workforce as part of a restructuring effort influenced by AI.

Fintech company Block will lay off 4,000 employees due to increased AI productivity, raising investor confidence despite broader concerns about job losses from AI adoption.

Jack Dorsey's company Block Inc. has laid off approximately 4,000 employees, citing a shift towards artificial intelligence as the primary reason for this action.

Fintech company Block is laying off 4,000 employees while shifting towards an AI-driven operational model, resulting in a surge in share prices.

Users of Lydia are concerned about new €3 monthly inactivity fees implemented by Sumeria, following the split of services between the two.

Nubank reported a record net profit of US$ 2.87 billion in 2025, marking a 45.6% increase from the previous year.

Mercado Libre achieved significant financial success in 2025, reporting revenues of US$28.9 billion and notable growth in its fintech operations.

A study by Moniepoint indicates that digital payments are increasingly dominating Nigeria's nightlife economy, especially in local bars and community venues.

Germany's cooperative banking group is considering a new trading app accessible to all, aiming to compete with online brokers like Trade Republic.

The FinTech Mexico Festival 2026 is set to be a pivotal event for the digital financial ecosystem in Mexico, bringing together industry leaders and innovators.

The article discusses the potential impact of Open Banking in Mexico, likening it to how Spotify revolutionized music access by creating a more integrated and user-friendly experience.

Marciano Testa, a businessman from Veranópolis, Brazil, has been recognized as a new billionaire due to the success of his financial technology company, Agibank.

Nigerian fintech Risevest has obtained a Fund and Portfolio Manager licence from the Securities and Exchange Commission, which now regulates its investment operations directly.

Cardtonic partners with Nigerian lifestyle influencer Rahman Jago to promote urban culture and global connectivity.

Klarna's stock has plummeted nearly 70% since its IPO last September due to significant financial losses and poor performance, resulting in a sharp decline in investor confidence.

Autopay, a European fintech company, introduced the Zero Delay Economy Hub during the Leaders Forum at the World Economic Forum in Davos, aiming to address the need for real-time financial solutions.

Former key employees of Wise, Mihkel Aamer and Martin Sokk, founded the international investment platform Lightyear out of practical necessity.

The CEO of Polski Standard Płatności has commented on ongoing discussions regarding a potential IPO for BLIK, emphasizing its profitability in the Polish fintech market.

Polish fintech Blik is considering a potential debut on the Warsaw Stock Exchange, with discussions underway concerning an initial public offering (IPO).

The fintech sector in Argentina is lobbying for the inclusion of virtual wallets in salary payments as the Chamber of Deputies reviews the Labor Reform law.

The article discusses investment options in Mexico for 2026, comparing traditional Cetes with various fintech alternatives amidst a pause in interest rate cuts by the Bank of Mexico.

Eleving Group is introducing AI voice agents in its call centers, aiming to handle up to 80% of simple customer calls, which raises concerns about the future of human employment in the sector.

Kenya topped Africa with 50 startup funding deals in the previous year, according to the Germany-Africa Investment Report, showcasing significant investor interest, particularly in AgTech and Fintech sectors.

Profile Centevo has announced a long-term strategic agreement with Landkreditt Bank to enhance its presence in the Norwegian market.

myPOS is enhancing its role in the Greek market by providing innovative payment solutions for small and medium-sized enterprises, aligning with regulatory standards.

Marciano Testa, founder of Agibank, became a billionaire following a troubled IPO of his company on NASDAQ.

In 2022, individuals under 21 were granted less than 4% of loans from non-bank creditors in Latvia, highlighting significant barriers for this age group.

Marciano Testa, founder of fintech Agibank, has joined the billionaire ranks following the company's IPO on the New York Stock Exchange despite its shares dropping nearly 10% on the first day of trading.

Former President Mauricio Macri supports the Senate's approval of labor reform legislation but insists further changes are needed for modernizing labor laws.

BTG Pactual is set to acquire up to 48% of the fintech meutudo, a company that facilitates online credit services in Brazil, subject to regulatory approval.

Non-bank credit in Argentina has increased significantly, now representing 25% of consumer loans alongside rising irregularity in repayments.

Fintech companies in Argentina express discontent after the government retracts a proposal allowing salary payments through digital wallets, capitulating to pressure from traditional banks.

Agibank, a fintech company, has priced its IPO in the United States at $12 per share, raising a total of $276 million.

Virtual wallets in Argentina reacted negatively after the Senate, under pressure from banks, excluded a crucial proposal for direct salary payments to fintech from a labor reform bill.

myPOS is enhancing its presence in the Greek market by providing modern payment solutions compliant with regulatory standards for small and medium enterprises.

Agibank announced that it has priced its initial public offering (IPO) in the US at $12 per share, raising a total of $276 million.

The Argentine government is facing pressure from banks that may jeopardize an article allowing salaries to be credited to virtual wallets in the upcoming Labor Reform debate.

Fintech companies are defending the use of virtual wallets for salary payments against pressure from traditional banks to maintain exclusive control over such transactions.

Fintech companies in Argentina are defending the use of virtual wallets for salary payments in response to banks' opposition as labor reform is set to be discussed in the Senate.

China has implemented a ban on onshore tokenisation of real-world assets to combat financial scams and unauthorized capital outflows while allowing regulated fintech innovation in Hong Kong.

In Argentina, a week before the Senate debates a proposed Labor Reform, banks clash with fintech companies over a provision allowing salaries to be paid through virtual wallets.

The Central Bank of Nigeria warns that the country's fintech sector's heavy dependence on foreign investment makes it susceptible to global market fluctuations.

The Argentine government signed a trade and investment agreement with the United States, highlighting key sectors such as tariffs, cattle, and fintech, announced by Chancellor Pablo Quirno in Washington.

Grupo Financiero Galicia is seeking formal permission for its fintech wallet Naranja X to operate as a bank in Mexico, joining competitors Mercado Pago and Ualá who have already obtained banking licenses there.

Nubank, a Brazilian fintech company, aims to establish a presence in the United States as it strives to become the most valuable digital bank in the West.

The Central Bank of Nigeria will release an Open Banking implementation roadmap within three months to enhance the country's financial ecosystem.

Gökçe Güven, a 26-year-old Turkish fintech entrepreneur and Forbes '30 Under 30' honoree, has been indicted on multiple charges including fraud and identity theft, potentially facing a prison sentence of up to 52 years.

Nubank, a Brazilian fintech founded 13 years ago, is competing in the digital banking sector with a market value of $90 billion after going public in New York.

Nubank's rise in the digital banking sector poses a significant challenge to Revolut, which is experiencing a decline despite its recent valuation increase.

OPay has been awarded Fintech/Digital Bank of the Year 2025 by The Sun Publishing Limited, marking the first time this category has been introduced at the awards.